MorganFranklin Consulting’s Post

View organization page for MorganFranklin Consulting, graphic

21,513 followers

3mo

The potential benefits of leveraging AI for the #P2P function are now more accessible to a broader range of companies than ever before. Sean Bonadeo (Hanley) and Niraj Chatwal discuss the essential preconditions that organizations need to address to prepare for optimizing their P2P function with AI. Interested in learning more? Watch our latest on-demand webinar on procure-to-pay: https://lnkd.in/g-pCqQYd #procuretopay

Transcript

I mean, I know I was doing some stuff around machine learning ish with the client about sort of eight years ago, but they were sort of Fortune 50 company, right. I get the feeling that what we're seeing now is like this is much more widely available to a lot more companies than it ever used to be. But I assume that even that though that's the case I guess. There's gonna be some things that people need to do to open the door for that, right? Like, what's the preconditions for success? Yeah, no, absolutely. I mean these, this is now the norm, not the exception, right. And so the more you can focus on looking at it through a transformational lens and not necessarily as band aids to address pain points in your process, right. Everything is always centered around data. So data quality more specifically is the bedrock of any key end to end process and specifically procure to pay because of the high risk that you may have with duplicate vendors in your system, which then may you know have duplicate. Payments that go out. So just good data hygiene is always a Moss before you actually enter into any type of transformation. And then taking an approach around not only just throwing automation at the problem, but standardizing your process, optimizing it, automating natively, finding ways that you can turn on features that you may not have turned on within your procurement systems. And then leveraging our PA, our AI tools on the back end to be able to fill in some of those cracks. It's really hard to build. Automations when you're process is not standard and then. Ohh, sorry. And then, you know, finally, just ensuring that you've got kind of key performance indicators, KPI's in place or key metrics just to ensure that your value is being derived.

To view or add a comment, sign in

More Relevant Posts

Luke Howe

Helping SME's Drive Business Growth & Operational Efficiency - Finance • ERP • Digital Transformation
3w
Report this post
NetSuite is embedding even more #AI across the platform. With new features to help detect financial anomalies, interact with data in new ways, and more, see how AI took center stage during opening keynote at #SuiteWorld: https://lnkd.in/epbTPQZE

New AI Offerings from Oracle NetSuite Announced at SuiteWorld
Like Comment
To view or add a comment, sign in
Sarah Nickless

Analyst Relations Manager for Coupa Software
2mo
Report this post
As you evaluate S2P vendors and their AI offerings, remember to look beyond the hype and dig deeper into the data sources, training methodologies, and real-world applications of their AI capabilities. By asking the right questions, you can make informed decisions and partner with a vendor that truly harnesses the power of AI to transform your S2P processes. https://lnkd.in/g5Jt69qU

AI Substance v. Hype: A Source-to-Pay Buyer’s Guide
Like Comment
To view or add a comment, sign in
Steve Gobel

Business Spend Management & Procurement
2mo
Report this post
As you evaluate S2P vendors and their AI offerings, remember to look beyond the hype and dig deeper into the data sources, training methodologies, and real-world applications of their AI capabilities. By asking the right questions, you can make informed decisions and partner with a vendor that truly harnesses the power of AI to transform your S2P processes. https://lnkd.in/gQ6dzR5z

AI Substance v. Hype: A Source-to-Pay Buyer’s Guide
Like Comment
To view or add a comment, sign in
Documation Software Ltd

1,061 followers
1mo
Report this post
Innovative Ai technologies are being integrated across various stages of the purchase-to-pay (P2P) process to improve efficiency, accuracy, and decision-making. Our latest blog covers the different types of Ai and how they apply to P2P automation. 🚀 Learn more 👉 https://rebrand.ly/aohepe0 #Ai #blog #deliveredwithcarebyexperts
Like Comment
To view or add a comment, sign in
Teradata

386,415 followers
3mo
Report this post
Take your AI/ML projects to the next level with ease. In our upcoming webinar with Teradata and AWS experts, find out how the integration of Teradata VantageCloud, ClearScape Analytics, and Amazon SageMaker can fast-track AI/ML initiatives across your business. Sign up now: http://ms.spr.ly/6047Yv5BU #AI #ML
Like Comment
To view or add a comment, sign in
Girish Khasnis

Manager Technical Support at Coupa Software
2mo
Report this post
As you evaluate S2P vendors and their AI offerings, remember to look beyond the hype and dig deeper into the data sources, training methodologies, and real-world applications of their AI capabilities. By asking the right questions, you can make informed decisions and partner with a vendor that truly harnesses the power of AI to transform your S2P processes. https://lnkd.in/ddqsfjeq

AI Substance v. Hype: A Source-to-Pay Buyer’s Guide
Like Comment
To view or add a comment, sign in
Elena Maroon

Business Development Representative at Adobe
6mo
Report this post
#AIinCommerce #eCommerceStrategy #AdobeAnswers #TechInnovation #AIAdvantageDon't wait to leverage AI in your eCommerce strategy. Watch this episode of Adobe Answers and see how the latest AI feaures can help you get started. https://ow.ly/ztKJ30sBfTz
Like Comment
To view or add a comment, sign in
Docufree

1,441 followers
1mo
Report this post
Traditional corporate mailrooms are increasingly showing their age and limitations in today's fast-paced digital business world. Let our AI-driven Enterprise Digital Mailroom bring increased productivity, speed and accuracy to your mail operations. Get more details here ➡️ https://bit.ly/3Yvlr0E #DigitalMail #Mail #DigitalMailroom #EnterpriseTech #AI
Like Comment
To view or add a comment, sign in
LTIMindtree

4,144,457 followers
8mo
Report this post
Explore the true potential of LLMs and how it can reshape automation for your enterprise. Dive into the future of AI with our whitepaper 'Unveiling the power of Generative AI' by Vineet Moroney. Download the copy: http://srkl.in/6041B2qVxJ #FutureFasterTogether #SAP #GenerativeAI #GenAI

Download Now
Like Comment
To view or add a comment, sign in
Go Global Awards

2,090 followers
6mo
Report this post
Transform your Ecommerce strategies with AI and Automation. Learn from experts in our webinar on how to streamline and succeed. https://lnkd.in/guKnPy3d
Like Comment
To view or add a comment, sign in

21,513 followers

View Profile Follow

MorganFranklin Consulting’s Post

Transcript

More Relevant Posts

New AI Offerings from Oracle NetSuite Announced at SuiteWorld

AI Substance v. Hype: A Source-to-Pay Buyer’s Guide

AI Substance v. Hype: A Source-to-Pay Buyer’s Guide

AI Substance v. Hype: A Source-to-Pay Buyer’s Guide

Explore topics